Yes I agree why are they having to do that! They are running out of working capital and my guess is they haven’t sorted out additional finance and/or not getting the further backing/offer to do so which will mean unfortunately one thing if they don’t get sorted ASAP there will be no business left
What I meant was.. Everyone is suggesting the business is in a strong position with great products and increased turnover which I agree. The cash flow will Kill this potentially!
My biggest fear here is cash flow. Most businesses that go bust run out of money. I agree the products look amazing the turnover is increasing but they have a serious cash flow issue. Laying off 18 people in a company employing less than 50 which is meant to be growing sends off alarm bells!